SOLDRetail
Raphael David Jajati Arranges Sale Of $10.3M NNN Retail Property In Chester
3924 Summerville Way
$10,300,000
$85/SF
Building Size
121,048 SF
Asset Type
Retail
Closing
Sep 15, 2022
About this deal
AI
The property asset involved in the transaction is located at 3924 Summerville Way in Chester, featuring a retail space totaling 121,048 square feet. The transaction was executed for a price of $10,300,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,300,000.00
- Address: 3924 Summerville Way
- Market: Chester
- Square Footage: 121,048
- Seller: Spirit Realty Capital, Inc.
- Broker: Raphael David Jajati (Capital Property Partners)
The deal was facilitated by Raphael David Jajati representing Capital Property Partners. The transaction reflects a significant deal within the Chester market, marking a notable activity for the involved parties.
On the Map
$10,300,000
$85/SF
Retail
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Players
Chester Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93